closings
Posted: Fri Feb 21, 2003 10:00 am
My daughter and son-in-law just purchased a mobile home. They had the land to put it on. In July they signed their contract and went to the title company.They made their closing then. The contractors did not do they job correctly, therefore they had to come back and finish. Now, they are telling my daughter that she has to sign a second closing. In this closing she will have to pay $200 more per month. Also the loan company is trying to charge her $4,000 interest for the months in which the contractors hadn't put a driveway in, nor was the home ready. They purchased the house in July with the promise that they could move in by the end of August. The house was not place on the property until November 20. They are trying to charge them for something that they didn't have. Also, I had never heard of having to sign a second closing and all this extra cost. Who do you contact when a business is overbanking? Should they hire an attorney? Please reply soon. They are trying to pressure my daughter to sign this second closing by Monday, February 24,2003. They told her that if she didn't sign this second closing, they would take back the house as well as their land.